Is Avient Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Avient Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 126, a Price to Book Value of 1.97, and an EV to EBITDA of 14.53. In comparison to its peers, Eastman Chemical Co. has a more attractive P/E ratio of 15.68, while Element Solutions, Inc. maintains a fair valuation with a P/E of 24.64.
Despite Avient Corp.'s fair valuation, its stock performance has been notably poor, with a year-to-date return of -23.25% compared to a positive 13.30% return for the S&P 500. This trend continues over longer periods, with a 1-year return of -38.85% against the S&P 500's 14.08%, indicating significant underperformance relative to the broader market.